【ETH Hesitating: Is it a "False Breakout" or a "True Downtrend"?😱】
Friends, I am Arthur. Recently, the ETH market has been quite "brain-burning" 🧠. The short-term rebound seems eager to emerge, but the EMA and MACD indicators tell us that the bears have not retreated yet! 😕
The price is currently blocked by the EMA(144) wall, with clear pressure around 2083. The market is fiercely contested between bulls and bears, making it difficult to break through easily. The MACD indicator's DIF line is still below the DEA line, indicating that the current rebound strength is limited, and it may continue to oscillate downward in the short term.
Here are a few key levels for everyone:
- 📍Around 1959: Strong support at the lower Bollinger Band; there is a chance to buy on dips.
- 📍Around 2083: Strong resistance; consider selling or reducing positions in the short term.
- ⚠️Stop-loss levels: Long at 1915, Short at 2110.
Stability is the key! What do friends at Binance think about the current market? Should we add positions at low levels or reduce holdings at high levels? Leave a comment and let's interact and discuss together～